Freddie Mac 2005 Annual Report Download - page 34

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NYSE Corporate Governance Listing Standards
On August 4, 2005, our Chief Executive OÇcer submitted to the NYSE the certiÑcation required by
Section 303A.12(a) of the NYSE Listed Company Manual regarding our compliance with the NYSE's corporate
governance listing standards.
FORWARD-LOOKING STATEMENTS
We regularly communicate information concerning our business activities to investors, securities analysts, the news
media and others as part of our normal operations. Some of these communications include ""forward-looking statements''
pertaining to our current expectations and objectives for Ñnancial reporting, future business plans, results of operations,
Ñnancial condition and trends. Forward-looking statements are typically accompanied by, and identiÑed with, terms such as
""estimates,'' ""continue,'' ""promote,'' ""consider,'' ""enables,'' ""currently,'' ""priorities,'' ""remain,'' ""anticipate,'' ""initiative,''
""preliminary,'' ""ongoing,'' ""believes,'' ""expects,'' ""intend,'' ""plan,'' ""future,'' ""seek,'' ""potential,'' ""objectives,'' ""long-term,''
""ultimately,'' ""goal,'' ""will,'' ""may,'' ""might,'' ""should,'' ""could,'' ""would,'' ""likely'' and similar phrases. This Information
Statement includes forward-looking statements. These statements are not historical facts, but rather represent our
expectations based on current information, plans, estimates and projections. Forward-looking statements involve known and
unknown risks, uncertainties and other factors, some of which are beyond our control. You should be careful about relying
on any forward-looking statements and should also consider all risks, uncertainties and other factors described in this
Information Statement in considering any forward-looking statements. Actual results may diÅer materially from those
discussed as a result of various factors, including those factors described in the ""RISK FACTORS'' section of this
Information Statement. Factors that could cause actual results to diÅer materially from the expectations expressed in these
and other forward-looking statements by management include, among others:
‚ our ability to eÅectively and timely implement the remediation plan undertaken as a result of the restatement of our
consolidated Ñnancial statements and the consent order entered into with OFHEO, including particular initiatives relating
to technical infrastructure and controls over Ñnancial reporting;
‚ our ability to eÅectively implement our business strategies and manage the risks in our business;
‚ changes in our assumptions regarding rates of growth in our business, spreads we expect to earn, required capital levels, the
timing and impact of capital transactions;
‚ our ability to eÅectively manage and implement changes; developments or impacts of accounting standards and
interpretations;
‚ the availability of debt Ñnancing and equity capital in suÇcient quantity and at attractive rates to support continued growth
in our Retained portfolio, to reÑnance maturing debt and to meet regulatory capital requirements;
‚ changes in pricing or valuation methodologies, models, assumptions and/or estimates;
‚ volatility of reported results due to changes in fair value of certain instruments or assets;
‚ the rate of growth in total outstanding U.S. residential mortgage debt and the size of the U.S. residential mortgage market;
‚ preferences of originators in selling into the secondary market;
‚ borrower preferences for Ñxed-rate mortgages or ARMs;
‚ investor preferences for mortgage loans and mortgage-related and debt securities versus other investments;
‚ the occurrence of a major natural or other disaster in geographic areas in which portions of our Total mortgage portfolio
are concentrated;
‚ other factors and assumptions described in this Information Statement, including in the sections titled ""BUSINESS,''
""RISK FACTORS'' and ""MD&A;''
‚ our assumptions and estimates regarding the foregoing; and
‚ market reactions to the foregoing.
We undertake no obligation to update forward-looking statements we make to reÖect events or circumstances after the date
of this Information Statement, or to reÖect the occurrence of unanticipated events.
18 Freddie Mac